New York State Teachers Retirement System Trims Stock Holdings in Ball Co. (NYSE:BALL)

New York State Teachers Retirement System lowered its position in shares of Ball Co. (NYSE:BALL - Free Report) by 3.7% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 263,137 shares of the company's stock after selling 10,067 shares during the quarter. New York State Teachers Retirement System owned about 0.08% of Ball worth $17,870,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Friedenthal Financial acquired a new position in Ball in the 2nd quarter valued at $47,000. Quarry LP grew its stake in Ball by 598.6% during the second quarter. Quarry LP now owns 999 shares of the company's stock worth $60,000 after buying an additional 856 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in Ball by 334.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,059 shares of the company's stock valued at $68,000 after buying an additional 815 shares during the period. Ashton Thomas Private Wealth LLC acquired a new position in shares of Ball in the 2nd quarter valued at approximately $72,000. Finally, Deseret Mutual Benefit Administrators boosted its position in shares of Ball by 17.0% during the 2nd quarter. Deseret Mutual Benefit Administrators now owns 1,280 shares of the company's stock worth $77,000 after acquiring an additional 186 shares in the last quarter. Institutional investors own 86.51% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. UBS Group upped their target price on Ball from $56.00 to $59.00 and gave the stock a "sell" rating in a research note on Tuesday, August 6th. Citigroup increased their target price on shares of Ball from $66.00 to $69.00 and gave the stock a "neutral" rating in a report on Wednesday, October 2nd. Robert W. Baird raised shares of Ball from a "neutral" rating to an "outperform" rating and set a $70.00 price target on the stock in a report on Wednesday, August 14th. Truist Financial reiterated a "buy" rating and set a $78.00 price objective (up from $76.00) on shares of Ball in a research report on Friday, August 2nd. Finally, Morgan Stanley upgraded shares of Ball from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $69.00 to $78.00 in a research report on Wednesday, September 4th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Ball currently has a consensus rating of "Moderate Buy" and a consensus target price of $70.92.

Ball Price Performance

Shares of BALL opened at $59.01 on Friday. The company has a quick ratio of 0.88, a current ratio of 1.18 and a debt-to-equity ratio of 0.79. The business's fifty day moving average is $65.18 and its 200 day moving average is $65.01. Ball Co. has a 12-month low of $47.56 and a 12-month high of $71.32. The stock has a market cap of $17.91 billion, a P/E ratio of 4.45, a P/E/G ratio of 1.62 and a beta of 0.88.

Ball (NYSE:BALL - Get Free Report) last announced its earnings results on Thursday, October 31st. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.87 by $0.04. Ball had a net margin of 32.79% and a return on equity of 19.45%. The company had revenue of $3.08 billion during the quarter, compared to the consensus estimate of $3.13 billion. During the same quarter in the prior year, the company posted $0.83 earnings per share. The firm's revenue for the quarter was down .9% on a year-over-year basis. Sell-side analysts anticipate that Ball Co. will post 3.12 earnings per share for the current fiscal year.

Ball Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a dividend of $0.20 per share. The ex-dividend date is Monday, December 2nd. This represents a $0.80 dividend on an annualized basis and a yield of 1.36%. Ball's dividend payout ratio (DPR) is presently 6.04%.

Ball Profile

Ball Corporation supplies aluminum packaging products for the beverage, personal care, and household products industries in the United States, Brazil, and internationally. The company manufactures and sells aluminum beverage containers to fillers of carbonated soft drinks, beer, energy drinks, and other beverages.